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SCI Engineered Materials (SCIA)

SCI Engineered Materials, Inc. engages in the manufacture and supply of advanced materials for physical vapor deposition thin film applications. Its products include sputtering targets, evaporation materials, ceramic powders and substrates. The company was founded by Edward R. Funk and Ingeborg V. Funk in 1987 and is headquartered in Columbus, OH.

Company profile

SCIA stock data

Calendar

29 Jul 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
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Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
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Net income
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Cash on hand
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Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 May 22 Wickersham Charles Edward JR Common stock, without par value Grant Acquire A No No 3.25 461 1.5K 37,745
10 May 22 Shunk Laura F Common stock, without par value Grant Acquire A No No 3.25 461 1.5K 531,844
10 May 22 lu emily Common stock, without par value Grant Acquire A No No 3.25 461 1.5K 142,690
10 May 22 Gilliam John P Common stock, without par value Grant Acquire A No No 3.25 461 1.5K 55,745
10 May 22 Ungar Edward W Common stock, without par value Grant Acquire A No No 3.25 461 1.5K 49,745
13F holders Current Prev Q Change
Total holders 0 2 EXIT
Opened positions 0 0
Closed positions 2 0 NEW
Increased positions 0 0
Reduced positions 0 1 EXIT
13F shares Current Prev Q Change
Total value 0 1.88M EXIT
Total shares 0 460.96K EXIT
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change
Huntington National Bank 0 -274.96K EXIT
IFP Advisors 0 -186K EXIT

Financial report summary

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Competition
Materion
Management Discussion
  • For the three months ended June 30, 2022, we had record total revenue of $6,505,005. This was an increase of $4,532,956 compared to the three months ended June 30, 2021. For the six months ended June 30, 2022, we had record total revenue of $11,831,437. This was an increase of $6,837,078 compared to the six months ended June 30, 2021. Higher pricing, primarily attributable to increased raw material costs, higher volume and product mix were key factors that contributed to the increase.
  • Gross profit was $1,377,668 for the three months ended June 30, 2022, compared to $562,554 for the same three months in 2021, an increase of $815,114. Gross profit as a percentage of revenue (gross margin) was 21.2% for the second quarter of 2022 compared to 28.5% for the same period in 2021. Gross profit was $2,371,769 for the six months ended June 30, 2022, compared to $1,365,590 for the first six months of 2021, an increase of $1,006,179.  Gross margin was 20.0% for the first six months of 2022 compared to 27.3% for the same period in 2021.
  • The increases in gross profit were due to higher revenue during 2022. The Employee Retention Credit (ERC) reduced cost of revenue in the three and six months ended June 30, 2021, by approximately $87,000 and $238,000, respectively. The lower gross margin in 2022 compared to a year ago was due to higher raw material costs in the first half of 2022.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: Automotive, capacity, Event, favorable, insurance, liability, Optical, temperature
Removed: acceptance, approval, contingency, Delivery, emergence, evolving, face, implicit, improve, public, quickly, remain, respond, uncertainty